A10 Networks (NYSE:ATEN) Reaches New 12-Month High – What’s Next?

Shares of A10 Networks, Inc. (NYSE:ATEN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.69 and last traded at $25.1350, with a volume of 45998 shares traded. The stock had previously closed at $25.05.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ATEN shares. Mizuho boosted their price target on A10 Networks from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday. Loop Capital set a $25.00 price target on A10 Networks in a research report on Monday, March 9th. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. DNB Markets set a $9.00 price target on A10 Networks in a research report on Monday, March 9th. Finally, BWS Financial upped their price objective on A10 Networks from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.86.

A10 Networks Stock Performance

The company has a debt-to-equity ratio of 1.03, a current ratio of 3.56 and a quick ratio of 3.43. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 45.65 and a beta of 1.09. The company has a fifty day moving average price of $21.76 and a two-hundred day moving average price of $19.09.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a return on equity of 24.10% and a net margin of 14.50%.The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current year.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 16th were issued a $0.06 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks’s dividend payout ratio is 41.38%.

Insider Activity

In other news, CEO Dhrupad Trivedi sold 33,334 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $20.55, for a total transaction of $685,013.70. Following the sale, the chief executive officer directly owned 713,597 shares of the company’s stock, valued at $14,664,418.35. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On A10 Networks

A number of institutional investors and hedge funds have recently modified their holdings of ATEN. Royal Bank of Canada raised its position in shares of A10 Networks by 131.3% during the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock worth $3,482,000 after purchasing an additional 120,966 shares during the period. Goldman Sachs Group Inc. raised its position in shares of A10 Networks by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock worth $13,648,000 after purchasing an additional 51,086 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of A10 Networks by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock worth $3,311,000 after purchasing an additional 11,268 shares during the period. Jane Street Group LLC raised its position in shares of A10 Networks by 120.0% during the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock worth $2,835,000 after purchasing an additional 94,641 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock worth $1,209,000 after purchasing an additional 33,262 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.